Tuesday, November 9, 2010

Gold Sores

Sorry about that....

Gold is the “anti dollar” and that's why it is wildly popular now. As Zoellick put it, “Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today.”

If any proof is needed of that statement, gold closed at records last Friday and Thursday but the precious metal has scored 17 record highs in less than five weeks in September and October. The latest string of records came after the Federal Reserve’s decision to start another round of U.S. bond buying, pumping out an inflationary additional $600 billion over eight months.

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The always fresh Constitution

You hear politicians saying we need to change with the times. They say the US Constitution was for a time when America was a new nation. They say the Constitution must be read as a "living document," so that parts may be discarded because they get in the way of government control.

Why? Who requires that our nation no longer act like it is young? Our national need for fresh perspective should not change, so our Constitution is ideal as it is and has been for centuries. It always leads us down the fresh path.

Liberty

Freedom is matter of individual rights. Individuals are society's elements, therefore individuals naturally bear the burden of society.That means individuals have the right to use their lives, liberties, and properties as they see fit, as long as they do not infringe on the rights of others.

In the context of the modern state, this philosophy engenders a set of normative policy prescriptions that reflect a belief in the efficiency and morality of unhampered markets, the system of private property, and individual rights -- and a deep distrust of taxation, forced egalitarianism (which is always applied by elitists), compulsory welfare, and the power of the state, which is always the power of the "ruling class."